Flood protection and endogenous sorting of households: the role of credit constraints

Trond Husby, Henri L. F. de Groot, Marjan W. Hofkes, Tatiana Filatova

Research output: Contribution to journalArticleAcademicpeer-review

4 Citations (Scopus)
81 Downloads (Pure)

Abstract

Human migration is increasingly seen as a promising climate change adaptation and flood risk reduction strategy. The purpose of this paper is to investigate how spatial differences in flood risk, due to differences in flood protection, reduce the mobility of vulnerable households through a credit constraint mechanism. Using an equilibrium model with two households types and endogenous sorting, we show how spatial differences in flood protection lead to clustering of vulnerable households in a risky region, in a real-world setting of common United States (US) flood zones. We find clustering effects of some size for flood zones with return periods of less than 30 years.
Original languageEnglish
Pages (from-to)147-168
Number of pages22
JournalMitigation and adaptation strategies for global change
Volume23
Issue number2
Early online date11 Aug 2015
DOIs
Publication statusPublished - 1 Feb 2018

Keywords

  • METIS-311312
  • IR-96881

Fingerprint

Dive into the research topics of 'Flood protection and endogenous sorting of households: the role of credit constraints'. Together they form a unique fingerprint.

Cite this